Mexican firms plan local market bond sales

Mexican firms plan local market bond sales

Bonds

Mexican borrowers are preparing to raise debt in their local market this month, with Autopista Tenango-Ixtapan de la Sal, Crediamigo and Xignux scheduled for this week. The highway company is expected to sell a MXN810m ($61m) 2043 toll road securitization on February 13. Tenango-Ixtapan is understood to have ruled out issuing in Mexican pesos and will instead price the note in UDIs. BBVA Bancomer leads the deal. Also this week, Mexican payroll lender Crediamigo expects to issue a 5-year ABS of u

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